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The price Turkey pays for Erdogan's relentless push to stay in power is sky-high interest rates that have taken the country back to the early 2000s. Interest rates these days are far above Turkey's EM peers and we're closing in on a full decade of this...
https://robinjbrooks.substack.com/p/turkey-blows-itself-up-again
A Turkish court decision to remove the leadership of the country’s main opposition party caused the main index to tumble to its lowest in six weeks, then reverse losses within the day. @MuratOztaskin explains what this could mean for markets and longtime president, Recep Tayyip
Deposing Ozgur Ozel is another step towards autocracy for Erdogan’s Turkey
Turkey passes tax amnesty as war strains economy
Turkish state lenders sold about $6 billion to defend the lira on Thursday, about half shortly after a court decision that removed the main opposition party’s leadership, according to traders familiar with the transactions.
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